How to Buy Into a Private Practice (Valuations and More)

June 3, 2025September 29, 2021 by Justin Nabity

physician-buy-in-physician-partnership-1

As a physician in primary care or specialty care, there may come a time when you decide to go into business for yourself. One option is to open your own private practice so you can tend to patients in any way that you see fit.

Another option is to partner with other like-minded physicians and open a brand new group practice.

But for the physician that isn’t prepared to handle the complexities of starting a brand new medical practice, there is another option:

Buying into a practice that already exists.

Considering buying into an existing medical group?

From determining the valuation of a practice to understanding the compensation model, here’s what you need to know before buying in as a new partner in a private practice.

Types of Disability Insurance for Physicians: Your Full Breakdown

October 23, 2025September 29, 2021 by Justin Nabity

Disability insurance is protection. Protection of your finances. Protection for your family. And protection for your future. It’s as important as having health or life insurance, yet not everyone has a policy.

For physicians earning a high annual salary, it’s even more crucial.

A physical disability or a serious illness can prevent you from working for a short period of time or for the rest of your lifetime. And they can occur at any time in life. Having disability insurance is a way to ensure that you will have some form of income coming in, even if you’re unable to work.

Like all types of insurance, disability insurance can be rather complex. There are a variety of different policies that one can take, all of which provide different levels of coverage and waiting periods. Today we’re taking a look at the various types to help you decide which one is right for you.

Here is our full breakdown of the types of disability insurance for physicians.

Physician Practice Disability: BOE Reimbursement

November 26, 2024September 28, 2021 by Justin Nabity

Malpractice insurance. Life insurance. Group disability Insurance. As a physician, you probably already carry several types of insurance.

But, depending on the type of physician you are, there may be one more type of insurance you may need:

Business overhead expense insurance.

BOE is a must for any physician who owns all or part of a practice. It provides coverage for business expenses that are tax-deductible should you be unable to work.

Ready to learn what it’s all about?

Here’s our full guide to physician practice disability: BOE reimbursement.

How COMDEX Ratings Help You Choose Disability or Life Insurance

July 3, 2025September 13, 2021 by Justin Nabity

Man and woman couple smiling. Each has a smiling child on their back.

With so many different life insurance and disability insurance policies to choose from, physicians need to do their due diligence in selecting the right one. And selecting the right policy begins with finding the right insurance company.

When choosing a life insurance or disability insurance policy, many people rely on the advice and recommendations of independent insurance agents and financial advisors. Others prefer to do their own research, obtain individual quotes, and weigh the pros and cons of various policy terms and benefits.

Whether you have an expert helping find the best policy or prefer to do the legwork yourself, here’s something that may help you make an informed decision:

Comdex ratings.

Every physician needs the protection of life insurance and disability insurance. If you’re in the market for your first policy or looking to get an additional one, here’s how Comdex ratings can help you choose a life and disability insurance company.

Physician’s Guide to J-1 Visa Renewal

October 21, 2022September 6, 2021 by Justin Nabity

Each year, the U.S. opens its borders to over 300,000 foreign nationals via the J-1 Exchange Visitor Program. Many of these visa-holders are foreign medical graduates pursuing a post-graduate training opportunity on U.S. soil.

Are you an aspiring physician with a J-1 visa?

Do you know when your J-1 expires?

How about what the J-1 renewal process looks like?

If you plan to extend your stay or continue practicing medicine in the U.S., you should definitely know the answers to these questions! Not renewing or extending your visa on time could land you in hot water and even count as “unlawful residence.”

This guide is designed to help physicians understand more about J-1 visa renewals.

ECFMG Certification and Getting Your Medical License in the U.S.

August 20, 2025September 2, 2021 by Justin Nabity

Doing homework. Cheerful man being attentive while studying medicine at home

Medical students in the United States have to jump through quite a few hoops to become licensed to practice medicine. After graduating medical school, they need to train in a residency program and pass all steps of the USMLE.

For foreign medical students who want to practice in the U.S., the process is even more involved.

Upon completing a graduate medical education outside the U.S., international medical graduates must seek ECFMG certification before becoming licensed to practice in the states.

If you’re an international medical graduate (IMG), here’s everything you need to know about ECFMG certification and how to get your medical license in the U.S.

What Private Practices Need to Know About Administrative Malpractice

January 3, 2025August 30, 2021 by Justin Nabity

Doctor and nurse talking to man at hospital front desk

Healthcare professionals know all too well that medical mistakes can happen at any time.

For this reason, physicians, nurses, and other medical professionals carry medical malpractice insurance for protection.

Yet, some health care providers don’t realize that malpractice claims often arise from clerical mistakes. These administrative errors can occur before or after the physician/patient interaction (e.g., at the front desk). Still, other mistakes can happen behind the scenes by staff members who may never even lay eyes on the patient.

Litigation from these mistakes may catch you off guard because medical malpractice insurance won’t cover administrative malpractice claims.

If you own a private practice or are a partner in a group practice, here’s what you need to know about administrative malpractice.

3+ Ways for Foreign-Born Physicians to File For a J-1 Waiver

January 3, 2025August 30, 2021 by Justin Nabity

Nearly 30% of physicians working in the United States were born abroad. In addition, many of these doctors first came to the United States on a J-1 visa. A J-1 visa is a non-immigrant visa for research scholars, professors, and other professionals participating in cultural exchange programs. J-1 visas are commonly sponsored by the Educational … Read more

How Much Do Pain Management Specialists Make?

October 2, 2023August 19, 2021 by Justin Nabity

Pain management specialists can wear a variety of hats. They may use any combination of anesthetics, physiatry, physical therapy, and radiology to treat patients.

Pain management specialists may even enlist the help of psychologists or psychiatrists in their patients’ pain management plans.

Physicians who specialize in pain medicine may end up in a variety of healthcare settings, from the critical care unit of a hospital to an orthopedic medical center.

As you will learn in this article, pain management physician salaries can vary.

Factors that affect a pain management specialist’s total cash compensation (salary plus incentives) include:

Experience
Location
Type of practice

We will discuss these factors in depth to give you a good idea of your current and future market value. This information will be valuable to you in your employment contract negotiations.

Once you’re pleased with your salary, there are some financial actions to take to make the most of your income.

These include paying down debt as quickly as possible, protecting your salary with disability insurance, planning for retirement, and using tax planning strategies to save as much as possible on taxes.

Boston Housing

August 24, 2023August 12, 2021 by Justin Nabity

Looking at a medical job in Boston? Beantown is one of America’s oldest, most prestigious medical cities. From world-class educational institutions to cutting edge medical technology, Boston can feel like an intimidating place. But its Old World New England charm and reputation make it far more approachable than meets the eye. And while it’s not … Read more

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